Trial now
BRAZIL

Precatorios Bill May Be Voted On This Thursday

FED

Chairman Powell

EURJPY TECHS

Resumes Its Downtrend

USDJPY TECHS

Testing Its 50-Day EMA

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Following today's surprise 200 bps cut, USDTRY rallied to a fresh trend high and above Tuesday's 9.3747 peak.

  • This confirms a resumption of the primary uptrend and with technical trend reading still in the bull camp, further upside is seen likely.
  • A key short-term support has been defined at 9.2050, yesterday's low, where a break is needed to suggest a short-term top.
  • Key upside levels to watch are:
    • 9.5304 2.00 proj of the Sep 22 - 29 - Oct 1 price swing
    • 9.6129 2.236 proj of the Sep 22 - 29 - Oct 1 price swing